zlacker

>>tedsan+(OP)
Where are they getting the $500B? Softbank's market cap is 84b and their entire vision fund is only $100b, Oracle only has $11b cash on hand, OpenAI's only raised $17b total...

>>383toa+0b
there doesn't appear to be any timeline announced here. the article says the "initial investment" is expected to be $100bn, but even that doesn't mean $100bn this year.

if this is part of softbank's existing plan to invest $100bn in ai over the next four years, then all that's being announced here is that Sama and Larry Ellison wanted to stand on a stage beside trump and remind people about it.

>>notato+xc
The literal first sentence of the announcement is:

> The Stargate Project is a new company which intends to invest $500 billion over the next four years

>>HotHot+uE
Not the first sentence of the new AP link target, which is much more vague. Kind of annoying for HN to swap it out like this.